According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

investment over GDP, a substantial deterioration in the current account balance and an improvement in the finances of the social …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest …: The crisis was mainly driven by the efficiency wedge, followed by the net exports and the investment wedge. The government …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest …: The crisis was mainly driven by the efficiency wedge, followed by the net exports and the investment wedge. The government …

's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to …

uncertainty shocks on fixed investment and other macroeconomic variables. Our results document the asymmetric nature of …

Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

document the employment losses in April 2020 across various groups using the U.S. Current Population Survey. The unemployment …